Bert re-recommends Upstart

Bert Hochfeld re-recommends Upstart in a free article on Seeking Alpha.

https://seekingalpha.com/article/4460038-upstart-the-end-of-…

Saul

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Can we take a moment and really meditate on this quote from Bert’s article:
“Given that what Upstart is offering now, has never been offered before, it would be presumptuous of me to try to suggest I had some specific way of quantifying just how this new service will contribute to revenue growth in 2022 and beyond. That said, Upstart reached a loan origination milestone of $1 billion in June, and perhaps that has expanded to $1.3 billion in September, or an annualized rate of $16 billion in loan originations. A 1% share of the market for used car loan originations would be equivalent to originating $7.6 billion in lending-and because there is software as well as loan origination as part of the mix, that kind of success, would increase the revenues of the company by significantly more than 50%.”

Long Upstart 39 percent of portfolio

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